AIG CEO Edward Liddy received a brutal lashing by a Congressional Committee last week. It was sheer torture to watch. Every Congressman on that committee decided to express his or her utter outrage for the camera and create sound bites to be used for the reelection campaign. Watching this spectacle unfold, we began imagining a…
It was such a pleasant surprise to see the great Jon Stewart invite Nandan Nilekani on his show. After all, who expected Jon Stewart to have heard of Nandan or his company InfoSys. But then the mystery was cleared up.Jon asked Nandan about his friendship with Tom Friedman of the New York Times. Ah! No wonder Jon…
Our first article about Ben Bernanke on this blog was titled “Jim Cramer on Ben Bernanke – Fair in August 2007 and Unfair in August 2008” ( https://cinemarasik.com/2008/08/01/jim-cramer-on-ben-bernanke—fair-in-august-2007-and-unfair-in-august-2008.aspx%C2%A0 ).In that article, we coined the term “Mo-Force” to describe the (then) enormous, gigantic pool of capital in the hands of short-term, performance-oriented investors or commonly called the…
The Taylor Rule, proposed first by economist John Taylor in 1993, is a monetary policy formula (or rule) that stipulates how much the Federal Reserve Bank should change its federal funds rate in response to GDP (gross domestic product) and inflation. For example, if inflation were to rise by 1%, the proper Taylor Rule response would be…
We thought of several titles for this article including the overused “Bernanke For President”. Then we heard Jim Cramer use the phrase “In Bernanke I Trust” in his comments on Wednesday afternoon. We felt this was the perfect title and with all credit to Cramer, we hope to borrow it for our article.Our first article…
The verdict is unanimous. In his publicized face off against Jim Cramer, Jon Stewart won by a knockout. We were interested in this brawl because we expected a serious debate between two passionate people with opposing viewpoints. That debate never took place. That was a loss for the American people. So, in this article, we…
Thursday March 12, 2009, was the day of Brawl Street, the day of the much ballyhooed face to face brawl between Jon Stewart and Jim Cramer. Like the combined audience (they hoped) of Jon Stewart and Jim Cramer, we were ready for a full throated debate.It never happened. Roberto Duran lasted a few rounds but…
Editor’s Note: This is an article about comments and interviews on financial television. This is not an investment article. It does not seek to or intend to offer investment advice or strategy of any kind whatsoever. No one should base any investing decisions or conclusions based on anything written in or inferred from this article….
There have been a couple of changes to top 10 list since our last monthly update: An earlier article “Are CNBC Anchors on a Mission Against US Treasuries – A Viewer’s Perspectives” has returned to the Top 10 list in the 9th spot. The previous No. 9 article ““Snoop Dogg in Bollywood – In Akshay Kumar’s new…
These words are a paraphrase of the famous comment by James Carville, the political adviser to President Clinton. After his inauguration, President Clinton had launched an ambitious agenda and First Lady Hillary Clinton had been charged with reforming the American Health Care system. The Bond Market reacted with the worst sell off in history. The specter of interest rates…